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Walker & Dunlop (WD) operating margin by quarter

Walker & Dunlop's operating margin was 0.7% in Q2 2026 (second quarter 2026), -7.9 pts from Q1 2026. Over the last 5 quarters it ranged from 0.7% (Q2 2026) to 14.5% (Q2 2025).

Walker & Dunlop operating margin by quarterWalker & Dunlop operating margin by quarter2.2%Q1 202514.5%Q2 202513.6%Q3 20258.6%Q1 20260.7%Q2 2026
QuarterOperating marginQ/QY/Y
Q2 20260.7%-7.9 pts-13.9 pts
Q1 20268.6%-5.0 pts+6.4 pts
Q3 202513.6%-0.9 pts—
Q2 202514.5%+12.3 pts—
Q1 20252.2%——

Q2 2026 at a glance

Walker & Dunlop, Q2 2026: revenue $307M (-4% year over year), operating margin 0.7%, net earnings $3.0M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Walker & Dunlop's operating margin?

Walker & Dunlop's operating margin was 0.7% in Q2 2026 (second quarter 2026), -7.9 pts from Q1 2026.

How has Walker & Dunlop's operating margin changed?

Over the last 5 quarters it ranged from 0.7% (Q2 2026) to 14.5% (Q2 2025).

Q2 2026 results → · How Walker & Dunlop makes money →